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WorldEscrow N.V./S.A.
Your Business Continuity, our Service.

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Contact us

Worldescrow N.V.
Graaf van Egmontstraat 15 bus 1
2800 Mechelen
Belgium
Tel +32 (0)15 20 44 50

Flanders Bio

Level III Extended Plus Verification (EXT+)

Level III is the most advanced verification method carried out at WorldEscrow. The objective is to determine with the greatest possible certainty that an Escrow beneficiary will have access to resources to maintain, change, correct and/or modify the software (or have this done by others) should the software supplier prove unable to do this any longer.

An Extended PLUS is allways a customized verification. WorldEscrow presents a list of possible activities / tests from which the involved parties can choose. Part of the verification will sometimes be executed at the supplier's site by the technical department of the supplier as well as of Escrow Europe. If requested a comparison can be made between the compiled code and the version in production.

A successful Level III verification implementation not only offers the highest level of certainty that the Escrow deposit is complete, but also that this deposit contains the material needed to quickly start using the material, should release take place.

Approximately 75% of the Escrow deposits do not meet the requirements for our standard verification (Level I). The higher the level of verification, the greater this percentage becomes: 95% of the Escrow deposits do not initially meet the requirements for Level III verification. In order to be sure that a deposit is complete, parties are advised to have the material verified by WorldEscrow at Verification Level III at least once a year.

A Level III verifcation guarantees that the deposit is usable and up-to-date. Thanks to this type of verification, we have seen in practice that beneficiaries can very quickly start maintaining the application in the case of release.